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20100101
20100131
Search Results 0 to 9 of about 10 (some duplicates have been removed)
journal report," the state of america's waistline and how it weighs down our economy. >> america has gained more weight than any other country in the world, and we estimate it will cost $1 trillion. >> my exclusive and wide ranging conversation with philanthropist michael millken. and advice for paying down debt and what you need to know about the upcoming changes to credit card laws. it's important consumer news and as we take a break, take a look at how the stock market ended the week. >>> michael milken is a legendary financier who began his career on wall street in the 1970s. now the chairman of the milken institute, i spoke with michael milken recently in a rare interview. we talked about health care, the credit markets and the state of the u.s. economy. i want to ask you first, broadly speaking, what your thoughts are on the economy. you speak to a lot of business people at the milken institute. what are you hearing in terms of the economic recovery today? >> i think it's slow. job creation is small in medium business, as it always is. and they are hesitant right now to invest
networks bravo and oxygen. "the wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now maria bartiromo. >> here's a look at what's making news as we head into a new week. president obama is proposing new regulations to restrict the size and activities of the nation's largest banks. the broad guidelines will require congressional support and would put in a stricter limit on risk-taking by the banks. the changes would prohibit banks from owning or investing in hedge funds and halt proprietary trading, which is trading that uses depositor money in trades by the bank for the bank's profit. strict new limits on the size of banks would also be enforced. the news sent bank stocks and most of the market tumbling on thursday to the biggest one-day drop since october. a second straight day of triple-digit losses. earlier in the week the market hit a 15-month high. the markets fell again on friday. we are in the thick of earnings season, and there is a growing list of companies that beat expectations. ibm computed a
street journal report" begins right now. >> this is america's number one financial news program, the "wall street journal report." now, maria bartiromo. >>> as we head into a new week on wall street. the economy in america showed strong growth at the end of last year. the gross domestic product soaring in the fourth quarter. higher than what economists were looking for and strongest growth in six years. the gdp is the broadest overall measure of the u.s. economy. after much drama and controversy, ben bernanke was reconfirmed by the senate. bernanke faced criticism from those who said the fed ignored the housing bubble and praise from those who said he helped prevent a depression. the statement on the economy was slightly more upbeat than it had been in past months. the markets, they didn't pay much attention to the federal reserve. after breaking a three day slide on monday the dow jones industrial average was flat mid-week and tumbgled on thursday. on friday the markets continued falling. we're in the thick of earnings season. johnson & johnson beat earnings expectations, ford
to have a leg up on the american banks? and does that, in turn, hurt the financial system in america? so that's another detail we need to get. >> it's really important, maria, you're absolutely right. international harmonization of these rules is critical. you can't have a different set of rules for different people in different places. >> so the fundamentals. we're in the thick of earnings season. we've seen a couple reports of the fourth quarter, end of the year. better than last year, it feels. what are your expectations in terms of where we are right now? >> i describe where we are right now, maria, as the daily grind. what i mean by that is that the economy has rebounded from its lows. if you imagine a square root symbol where we are way up high in 2007 with growth and all sorts of economic activity way above sustainable trend and then in 2008 we plunged way down below sustainable trend as a result of the panic of '08 and early '09, then early '09 we began to bounce back and we've gotten to a level today that's not back where we were in the high in 2007 but is above economic activit
of america is that we usually -- things get better. so it's almost -- i think it is kind of inevitable the 2010s will be better. andy's right. it's hard to know exactly how. and the question is, have we learned anything from this past decade that we'll employ in the next one? will americans save more? will businesses still be willing to take big risks? will financial markets come out of this stronger or be handcuffed by government regulation? >> you've got head winds, people worried about commercial real estate, worried about the bubble mentality of certain areas of this market. what would you say are the major risks going forward. you mentioned a couple of them, david. as far as market impact, what are the risks that we face. >> i think you're absolutely right. commercial real estate is a huge one. big banks seem to be in better shapes than the medium-sized and regional banks. there's a lot to worry about there. we know the history of financial crises followed by recessions, there's a lot of head winds blowing at us. a lot have to do with credit. the economy is growing again. it's gro
now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. disappointing numbers from the closely watched unemployment report released on friday. in fact, the economy shed 85,000 jobs in the month of december. the unemployment rate was flat, staying at 10% of the country unemployed. that was slightly worse than what economists were looking for. final numbers for 2009 show the economy lost a total of 4.2 million jobs during the entire year. the market celebrated the new year meanwhile with fireworks. the dow jones industrial average up 150 points on monday. then mixed midweek. the market was flat on friday after the jobs report. >>> the american consumer is showing signs of life. same-store sales for the month of december were above modest growth expectations. 2008 was the worst holiday season in decades. consumer spending makes up 70% of the u.s. economy. it was a mixed picture for automakers in december. gm's vehicle sales fell 12%. toyota and
Search Results 0 to 9 of about 10 (some duplicates have been removed)